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DGAP-News: First Sensor Expands Collaboration with Automation Specialist

DGAP-News: First Sensor AG / Key word(s): Miscellaneous
First Sensor Expands Collaboration with Automation Specialist

22.08.2019 / 08:00
The issuer is solely responsible for the content of this announcement.


First Sensor Expands Collaboration with Automation Specialist

- Series production of customer-specific pressure sensor solution

- Key customer intends to triple purchases by 2022

First Sensor AG, a developer and manufacturer of standard products and customer-specific sensor solutions, is expanding its collaboration with a German group in the field of control and automation technology. In this context, the sensor specialist has started series production of a customer-specific pressure sensor solution. The sensors, which are equipped with evaluation electronics, monitor the flow of compressed air in industrial pneumatic applications such as gripper arms and hoists. The key customer intends to achieve an initial volume target before the end of the current year and to more than triple its purchases by 2022.

"Industrial process control is a focus application where we are utilizing our products with growing demand. This is also demonstrated by the expansion of collaboration with our key customer, which we have been supplying with standard products from the fields of pressure and advanced electronics for around ten years. In addition, the customer has now entrusted us with the development and supply of a customer-specific solution in the upper performance range to contribute to efficient energy consumption in pneumatic applications," explains Dr. Dirk Rothweiler, CEO of First Sensor.

The pressure sensors are manufactured at the location in Berlin-Weißensee, where the development of a secondary product integrating a customer-specific sensor chip from First Sensor has already begun. The sensors are based on the application of the thermal measurement principle, in which a heating element and temperature-sensitive resistors monitor the mass throughflow on the basis of the temperature profile in the medium. This way, with a flow rate of 2 to 200 liters of air per minute, the sensors can detect pressures of up to 10 bar. The high-precision technology is also suitable for use in medical respiratory devices.

In 2018, First Sensor increased its sales with products for industrial process control by around 13 %. During the current fiscal year, alongside pressure sensor technology, optical products for machine vision are also contributing to growth in this area.

About First Sensor AG
Founded as a technology start-up in the early 1990s, today, First Sensor is a global player in sensor technology. Based on our know-how in chip design and production as well as microelectronic packaging, standard sensors and customer-specific sensor solutions are developed in the fields of photonics, pressure and advanced electronics for the ever-growing demand in key applications for the target markets of Industrial, Medical and Mobility. The strategy is aimed at profitable growth and focuses on key customers and products, forward integration and strengthening our international presence. First Sensor has been listed on the Frankfurt Stock Exchange since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN DE0007201907 Ι SIS]. Further information: www.first-sensor.com.

Disclaimer
Statements in this report relating to future developments are based on a prudent estimate of future events. Actual events of the company may deviate significantly from planned events, as they depend on a large number of market and economic factors, some of which are outside of the company's control.

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22.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: First Sensor AG
Peter-Behrens-Straße 15
12459 Berlin
Germany
Phone: +49 (0)30 63 99 23-760
Fax: +49 (0)30 63 99 23-719
E-mail: ir@first-sensor.com
Internet: www.first-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 861267

 
End of News DGAP News Service

861267  22.08.2019 

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Company
First Sensor is one of the world's leading suppliers in the field of sensor systems. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.
Investor Relations
Our investor relations activities aim at raising the international publicity of First Sensor AG and at consolidating and extending the perception of our share as an attractive growth stock. This means we keep our online communication transparent, comprehensive and continuous in order to enhance your trust in our share.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Competencies
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Career
Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.

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